Bluewaters Residence 5

Nine storeys on Bluewaters, completed in 2018. Our listing is priced at AED 9,717 per square foot — a figure that needs checking.

What it is

Bluewaters Residence 5 is a building within the Meraas Holding residential complex on Bluewaters island, 9 storeys, completed in 2018.

Our stock holds one listing of around 2,470 square feet for AED 24 million, at AED 9,717 per square foot.

That's higher than any building on the island, and higher than Downtown's most expensive line — Baccarat, at AED 9,046.

Price per square foot by Bluewaters building

The combined sample for Building 5 in our stock gives AED 5,619 per square foot; this single listing gives AED 9,717 — almost double.

One listing isn't a market

Bluewaters in our database — 149 lots, median AED 10.7 million at AED 6,717 per square foot.

When a single lot goes for double the price of others in the same building, there are usually two explanations: a top floor with a panoramic view, or an apartment after an expensive renovation.

Neither makes the figure a benchmark. You can't judge the building by this listing — that's what the three-lot sample is for, and it gives AED 5,619.

A practical rule: in expensive districts, the spread within a building is larger than the difference between buildings. Compare comparable lots, not the address average.

propsearch passport: 9 storeys, developer Meraas Holding, completed 2018. Our own stock as of 28 August 2026: the building's listing and its combined sample, calculations by island building, median and average for Bluewaters; comparison — calculations for Downtown.